Bullish indicating open at $55-$60, IPO prices at $37
On Monday, Excelerate Energy , Inc. (NYSE:EE) reported second quarter adjusted earnings of $0.34 per share, exceeding analyst estimates of $0.29, despite revenue of $204.6 million falling short of the $243.2 million consensus.
The company’s shares rose 0.74% in pre-market trading following the announcement.
The LNG infrastructure company delivered adjusted EBITDA of $107.1 million for the quarter, up from $89.0 million in the same period last year. This improvement was primarily driven by the company’s recent acquisition of an integrated LNG and power platform in Jamaica, which closed in May and is already exceeding operational expectations.
"Excelerate delivered another robust quarter, demonstrating the strength of our business model and our focus on operational excellence," said Steven Kobos, President and CEO of Excelerate. "Our results reflect the performance of our terminal services and early contributions from our Jamaica operations."
Net income for the quarter was $20.8 million, down from $33.3 million YoY, primarily due to transition and transaction costs related to the Jamaica acquisition and increased interest expenses. However, adjusted net income rose to $46.8 million from $33.3 million in the prior-year period.
Following the strong performance and positive outlook from the Jamaica acquisition, Excelerate raised its full-year 2025 adjusted EBITDA guidance to between $420 million and $440 million. The company also increased its quarterly dividend by approximately 33% to $0.08 per share.
The Jamaica transaction represents a strategic expansion for Excelerate, adding the Montego Bay and Old Harbour LNG terminals and the Clarendon combined heat and power plant to its portfolio. The company also finalized an agreement to purchase an LNG carrier, renamed the Excelerate Shenandoah, which will service a previously announced mid-term Atlantic Basin supply deal.
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